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BTG Pactual Raises $1.5B Brazil PE Fund

BTG Pactual has raised $1.5 billion for a private equity growth fund.

BTG Pactual has raised $1.5 billion for a private equity growth fund, Financial Times reports. The BTG Pactual Brazil I fund will be managed by Carlos Fonseca, adds Reuters, citing Valor Economico.

The fund received $500 million from the firm’s capital and $200 million from employees and partners. Drugstore Brazil Pharma and oil services company Brasbunker have already been added to the portfolio of the fund.

Click here for the story from Financial Times.

Click here for the additional coverage from Reuters.

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